Malabar Gold & Diamonds continues global expansion

TDT | Manama              

The Daily Tribune – www.newsofbahrain.com

Malabar Gold & Diamonds, the 6th largest jewellery retailer globally with an impressive retail network of over 320 showrooms in 11 countries, has just launched two new showrooms in India and the UAE as part of their global expansion drive.

The showroom in the UAE is located inside the historic Dubai Gold Souq and will be the brand’s 8th showroom within a 2km radius in the Gold Souq area.

The showroom in India is located at RR Nagar in Bangalore city, Karnataka, and will be the brand’s 15th outlet in Bangalore city. With the new launches, Malabar Gold & Diamonds has expanded its retail presence to 63 outlets in the UAE and 32 outlets in Karnataka state.

The new showroom at Dubai Gold Souq was inaugurated by Abdul Salam K P, Vice-Chairman of Malabar Group, in the presence of Shamlal Ahamed, Managing Director, International Operations, Malabar Gold & Diamonds; Mayankutty C, Senior Director of Malabar Group; Faisal A K, Head of Manufacturing, Malabar Gold & Diamonds; Ranjit K V, Regional Head, Malabar Gold & Diamonds; other management team members of Malabar Gold & Diamonds; customers and well-wishers.

Renowned Kannada actress Rachita Ram inaugurated the brand’s showroom at RR Nagar, following its virtual inauguration by Malabar Group Chairman M. P. Ahammed. O. Asher, Managing Director, India Operations, Malabar Gold & Diamonds; Filsor Babu, Regional Head, Malabar Gold & Diamonds; and other management team members, customers, and well-wishers were also present for the function. "As Malabar Gold & Diamonds celebrates its 30th anniversary, we are excited to have opened yet another outlet in the historic location of Dubai Gold Souq.

We currently have 8 world-class showrooms within a 2 km radius in this area, and this new showroom is located in the most iconic location within Dubai Gold Souq.

As for the new outlet in Karnataka, which is our 32nd in the state, we are humbled and honoured to have the jewellery connoisseurs of Karnataka welcome us with open arms and sincerely hope that customers will visit the RR Nagar outlet and make it another grand success. With each showroom launch, we are inching closer to our goal of being the world's No. 1 jewellery retailer, both in terms of showroom count and turnover", commented M.P. Ahammed, Chairman of Malabar Group.

The new outlet at Dubai Gold Souq houses an exquisite array of gold, diamond, and precious gem jewellery across Malabar Gold & Diamonds’ exclusive brands and collections.

The designs in the new outlet have been curated from over 15 countries to meet the varying needs and preferences of tourists and resident customers alike. "The ambitious expansion plans that we have charted include strengthening our retail presence in existing markets as well as expansion into new markets such as Australia, Canada, South Africa, Egypt, Bangladesh, Turkey, and New Zealand", commented Abdul Salam K. P., Vice-Chairman of Malabar Group.